Din lives in South Bogor, about one hour from Jakarta. Bogor is known as a rainy city. Din manages a small shop selling groceries, snacks and mobile phone airtime credit. Din is married and living with his son and wife in the family home.
Din joined Ruma six months ago because he wanted to sell new products. With assistance and support from Ruma’s staff, Din has seen improvements in his shop. For the last three months, he has earned an average of $37 in mobile phone airtime credit sales. He hopes to get a Kiva loan as working capital to process more transactions. His goal for his business is to expand and do more new business in the future.
More information about this loan
Working capital loans enable credit-worthy borrowers to reach their full sales potential. Every agent maintains a balance of electronic credit with Ruma to process transactions. But if this balance is zero and no Ruma field officers are available to replenish it, an agent may miss out on sales. Working capital loans solve this problem by serving as a line of credit that agents can repay as needed during the loan term, ensuring that they don't lose potential income. PT Ruma will progressively disburse the amount posted on Kiva based on the agent's working capital needs, ensuring that no potential income is lost. By funding this loan, you are empowering urban and rural entrepreneurs.
About PT Ruma
PT Ruma's core business is not microfinance. Accordingly, there is some additional risk for lenders as this Field Partner expands its business model to include lending. Because PT Ruma’s business model differs from standard microfinance models, it is not assigned a risk rating on Kiva. Key risks and further information about making loans to borrowers through PT Ruma can be found on the organization’s partner page.